Re-victimizing the deep underwater retail shareholder-victims by selling them private placement direct investment 'opportunities' as they chase heir losses.
For example, that is classic pennyscamming. MALCOLM H. PHILIPS JR. bilked $45,000,000 from existing retail common stockholders in CDEX and just recently Crooked MICHAEL WARD took many underwater retail investors to DaCleaners by selling them PPs and then leaving them and the stock behind by not filing financials so the PPers can't gett ~OUTT and the ticker went to the grey market.
The revictimization of loss-chasing retail by selling them direct investment 'opporunities' is a classic end-stage pennyscam tactic.
The real beauty of MALCOLM H. PHILIPS JR.'s play is that he stretched it ~OUTT over 12 years and bagged $45,000,000 from PPs and direct investments in special projects.
Mos typically, selling PPs and direct investments to retail is an end-stage phase event in pennyscams, butt MALCOLM ('Unkle Malarkey') was able to drain, redrain, and re-re-redrain the same loss-chasers for over a decade.
I am pretty shure that is a record.
The other scam tactic is doing a rights offering to deep underwater existing retail.
Never give up until your targeted investrs are tapped ~OUTT. The more they put in, the deeper their looses and the more desperation drives them to CONtinue to throw munny into the rathole as they chase the growing losses which become a bigger and bigger loss. The retail PP/direct investors often keep shoveling money into the scam until they literally run ~OUTT.
This play and the variations are fully described in The Pennyscammers Playbook (2nd Ed.).
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